How to Value Investments held as Stock in Trade
2 Replies
Jaydip H. Trivedi
(Accounting Income Tax Servoces VAT servoces LIC services & Finance consultancy)
(184 Points)
Replied 29 December 2008
Investments held as stock-in-trade should be valued at the cost of market value, whichever is less.
R.Suresh
(Sr. Executive)
(394 Points)
Replied 01 January 2009
Cost or market price whichever is less.
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